Australia Cybersecurity Market Size, Share, Growth Analysis Report and Forecast Trends (2025-2034)

The Australia cybersecurity market is experiencing growth as it plays a vital role in protecting against various threats, including malware, data breaches, and phishing. It safeguards systems and data from digital attacks and unauthorised access, helping to effectively mitigate cyber risks in a digitized environment and thus driving the market's expansion.

According to the Tech Council of Australia, there is an increase in the technology sector's contribution to GDP from AUD 133 bn in 2019-2020 to AUD 167 bn in 2020-2021. Further, it is expected to reach AUD 250 bn by 2050 which indicates the rapid digital adoption that will eventually increase the cybersecurity demand.

The Australia Cybersecurity market is growing simultaneously with increasing regulatory changes, cloud security and automation solutions, and the introduction of cyber health checkups.

Cloud Security

The Australia cybersecurity market has evolved with rising cloud computing adoption. Organizations shift data to cloud platforms for protection and employ cloud-native security solutions against cyber threats.

Automation

An advanced automated threat detection tool identifying and addressing suspicious activities to minimize data breaches and security risks in real time. It deploys security measures, including firewalls, as needed.

Cyber health checks

Ongoing cyber threats and attacks have led companies to roll out new plans such as cyber health checks to be aware of threats and boost citizens' cyber literacy.

Regulatory compliance

The 2022 Telecommunications Amendment Regulations aim to safeguard individual data and applications from breaches while permitting telecom companies to share data with financial institutions for fraud prevention.

March 2024

Trustifi a provider of AI- and cloud-based email cybersecurity solutions has announced to launch of geofencing capabilities for its growing base of managed security service provider customers in Australia.

March 2024

AUCloud is an Australia cloud and cyber security provider that has announced that they will launch managed cyber security packages, which will ensure secure cloud solutions and cybersecurity training.

February 2024

The cybersecurity company Guardz announced to launch in Australia through a distribution partnership with Manage Protect, an IT cloud solution company. Guardz allows MSPs to protect their small and medium-sized clients.

November 2023

Zimperium has launched a mobile threat defence (MTD) capability to detect mobile breaches and secure critical data.

The 2022 Telecommunications Amendment Regulations aim to safeguard individual data and applications from breaches while permitting telecom companies to share data with financial institutions for fraud prevention.

Australia Cybersecurity Market Trends

Increasing cyber threats, such as ransomware and data breaches, drive demand for advanced security solutions. The adoption of cloud computing and remote work models has heightened the need for robust cybersecurity measures.

Additionally, the rise of digital transformation initiatives across various sectors fosters investment in cybersecurity technologies, including AI-driven threat detection, identity management, and security analytics, to safeguard sensitive information and maintain operational integrity.
"Australia Cybersecurity Market Report and Forecast 2025-2034" offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type

• Application Security
• Cloud Security
• Consumer Security Software
• Data Security
• Identity Access Management
• Infrastructure Protection
• Integrated Risk Management
• Network Security Equipment
• Others

Market Breakup by Component

• Hardware
• Software
• Services

Market Breakup by Deployment Type

• On-Premises
• Cloud

Market Breakup by End Use

• BFSI
• Healthcare
• Aerospace and Defense
• IT and Telecommunication
• Government
• Retail
• Manufacturing
• Others

Market Breakup by Region

• New South Wales
• Victoria
• Queensland
• Australian Capital Territory
• Western Australia
• Others

Australia Cybersecurity Market Share

The Australia cybersecurity market size is driven by cloud security due to its scalability and flexibility.

There is widespread adoption of cloud security as it implements measures such as encryption, access controls and various mechanisms to protect data and information from cyber threats or risks and unauthorized access. They encompass identity and access management solutions to help protect user identities and rights and ensure the availability and integrity of their data through cloud-based backup and recovery solutions.

Network security equipment ensures the protection of organisations' network infrastructure from cyber threats and risks. They provide hardware and software solutions to monitor network activities and secure network traffic. They develop intrusion detection and prevention systems, secure gateways, network access control, virtual private networks, and firewalls to safeguard organizational networks.

Based on components, the Australia cybersecurity market share is driven by services such as cloud-based and software-as-a-service cybersecurity solutions.

Services such as managed security services work on security monitoring, threat intelligence analysis, and incident response to help organisations strengthen their security posture. They offer cloud platforms and servers to detect security threats in real-time and minimise the risk of security breaches to help organisations and businesses.

The software component encompasses a wide range of cybersecurity solutions such as antivirus software, encryption software, and network security software. These components help against malicious viruses and remove infected files to prevent them from further damage. Identity and access management software manages user identities and rights to ensure that only authorised users can access the appropriate resources.

Cybersecurity components are majorly used in BFSI which drives the Australia cybersecurity market growth for protecting customer's financial data and transactions.

The BFSI sector faces various risks such as cyber threats, phishing attacks, insider threats, and malware so they use cybersecurity services such as encryption software, identity and access management, and network security software to protect them from data breaches and challenges.

They protect sensitive financial data, transaction records, and customer information through cybersecurity solutions. Some services such as third-party monitoring, due diligence, and vendor risk assessments to identify and mitigate risks related to third-party organisations.

Companies are focusing on introducing new products while also aiming for strategic collaborations to improve their market position.

Cisco Systems, Inc

Cisco Systems, Inc. was founded in 1984 and has headquarters in the United States. The company provides software-related services and manufacture networking equipment.

IBM Corp.

IBM Corp., founded in 1911 and with headquarters in the United States, has been the provider of automation and hybrid cloud solutions. It is also a technology innovator and lead advances in AI solutions.

Intel Corp.

Intel Corp was founded in 1968 and has headquarters in the United States, is a technology company that manufactures central processing units and semiconductors.

Accenture PLC

Accenture PLC was founded in 1989 and has headquarters in Bermuda. The company provide professional services and specialized in information technology and consulting services.

Other Australia Cybersecurity market key players are CyberCX, McAfee LLC, DXC Technology Company, Imperva Australia Pty Ltd, and CyberArk Software (Australia) Pty Ltd, among others.

Australia Cybersecurity Market Analysis by Region

According to the Australian Bureau of Statistics (ABS), In the 2021-22 financial year, for the manufacturing sector in New South Wales, the sales and service income increased to AUD 135,630 million, marking a 7.12% increase from the previous year. Simultaneously, the sales and service income in Victoria has increased to AUD 125,798 million with an increase of 10.89% in the same period. This indicates that the increasing sales and service income will lead to the emergence of more sensitive data that needs to be safeguarded from cyber threats or risks which eventually is expected to drive the Australia cybersecurity market growth.
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